18 Kings Bridge CtNewarkDE19702
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Newark at 18 Kings Bridge Ct, Newark, DE, 19702 generates $2,515/mo in rent and, after a $2,019/mo payment, leaves $128/mo in cash flow. Total monthly income is $2,515/mo, and annual cash flow is $1,538/yr on $136,744 invested. Return on cash invested sits at 21.03% in year one, and rental yield is 7.32% on a $412,500 entry. Equity gained on principal adds $2,662/yr, while 5% annual appreciation builds toward $113,966 over five years. Five-year ROI reaches 108.36% and total cumulative return in cash sums $148,180. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,515/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
9,148 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19702, Newark, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,212 (100%) |
| Owner Occupied HU | 14,557 (65.5%) |
| Renter Occupied HU | 6,887 (31.0%) |
| Vacant Housing Units | 768 ( 3.5%) |
| Median Home Value | $366,125 |
| Average Home Value | $375,328 |
Housing Distribution
Address Breakdown
Residential
21,602
Single Family
19,437
Multi-Family
2,165
Businesses
1,132
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